Clyde and Hebrides Ferry Services: Invitation To Tender

SECTION 5
COSTED BID

5.1 Tenderers are required to submit two Costed Bids; the first Costed Bid (the Network Costed Bid) so far as relating to Ferry Sevices should relate to the requirements in Sections 3.3.2 and 3.3.3. The second Costed Bid ( the LCosted Bid) so far as relating to Ferry Services should relate to the requirements in Sections 3.3.2, 3.3.3 and 3.3.5.

5.2 Tenderers are required to complete a financial model as part of each Costed Bid, a form of summary of which follows. The financial model should contain full disclosure of all underlying assumptions and relevant supporting evidence. The outputs should be summarised in the form which follows. The purpose of the financial model is to allow Tenderers to demonstrate how all of the key elements of the Tenderer's business plan relate to the costs, income yield and profits/surpluses are envisaged, and to show how this relates to the outputs and estimates of passenger cars freight and livestock anticipated. The financial model will also set out the proposed grant for each year of the Grant Period and the monthly instalments by which it will be paid.

5.3 This process will help the Executive to assess the financial implications of Tenders on a consistent basis.

5.4 The Executive also reserves the right to reassess the financial status and position of any Tenderer in the light of any changed circumstances which may have a bearing on the capacity of the Tenderer to meet the requirements of the PSC.

5.5 The evaluation of Tenders will include an assessment of the project viability. The Executive will assess whether the assumptions or forecasts are realistic and achievable. This will include a comparison with previous levels of performance and activity. Where a Tenderer makes unrealistic or unsupportable assumptions or forecasts of traffic for passengers or freight, which cannot be supported by clear evidence, the Executive reserves the right to disregard such a Tender.

5.6 Form of Summary Financial Model

EXPENDITURE		Enter all figures in £'000s
Budgeted Calculation of Likely Subsidy Clyde & Hebrides Ferry Operations
EXPENDITURE	Reference to detailed financial model	Year 1	Year 2	Year 3	Year 4	Year 5	Year 6
*Seagoing*
Staff Costs : Seagoing
Staff Costs : Retail etc
Crew Management Fees
Vessel Leases ( CMAL)
Vessel Leases (Other)
Vessel Charter
Fuel Oil & Lubes
Vessel shakedown costs
Vessel Maintenance & Repair
Vessel Cleaning
Vessel Insurance
Catering
Consumables
Other
Total Seagoing Expenditure		0	0	0	0	0	0
*Piers, Harbours & Ticketing*
Staff Costs : Piers & Harbours
Staff Costs : Ticketing
Staff Costs : Shore Services
Harbour Access Charges ( CMAL)
Traffic / Berthing Dues (Ports)
Pilotage
Accommodation Costs
Insurances
Repairs & Maintenance - recoverable from CMAL
Repairs & Maintenance - non recoverable
Consumables
Other
Total Piers, Harbours & Ticketing Expenditure		0	0	0	0	0	0
*Administration & General Charges*
Staff Costs: Admin & General
Mobilisation Costs
Accommodation Costs
Insurances
Marketing
IT Costs
Stationary
Legal expenses
Travel agents commission
Bank charges
Other
Total Administration & General Charges		0	0	0	0	0	0
Financing Costs
Interest Payable
Total Expenditure		0	0	0	0	0	0
REVENUE
Passengers
Cars
Commercial Vehicles
Coaches
Retail Revenue
Loose freight & parcels
Goods
Livestock
Recoveries from CMAL
Receipts from local authorities etc
Harbour dues - third parties
Recoveries from Executive - mobilisation costs
Recoveries from Executive - vessel shakedown costs
Recoveries from Executive - Harbour maintenance
Recoveries from Executive - Vessel public areas
Interest Receivable
Other
Total Revenue		0	0	0	0	0	0
Projected Deficit		(0)	(0)	(0)	(0)	(0)	(0)
Projected Operator Return
Projected Grant Required		0	0	0	0	0	0

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